by EmoHaircut There are roughly 18.6 Million vacant homes in the United States, while there are an estimated 3.5 Million Americans who experience homelessness. 40,000 of those Americans who experience homelessness are United States military veterans. This comparison of numbers …
by DCG Seattle Mayor Jenny Durkan Unlike private developers, Seattle doesn’t have to worry about making a profit (or even breaking even). There’s always more taxpayer dollars available for the taking! From MyNorthwest.com: Seattle Mayor Jenny Durkan is moving forward with her about $90 …
via businessinsider: The US housing market took a dark turn in 2018 as homebuying fell off a cliff and mortgage lenders saw a steep decline in applications, originations, and profits. Interest rates are partly to blame for the slide in housing, …
https://www.youtube.com/watch?v=XYYdczh4j1M
They are empty because they are not real homes for those who badly need them, they are just speculation items, and speculative bubbles always end badly… AS
Super expensive Hong Kong tops the global list for super-rich home buyers The world’s super-rich collectively spent $6.6 billion in a recent 12-month period on homes worth $25 million or more, according to new research by Knight Frank, the global real estate …
California lawmakers on Wednesday officially approved a measure that mandates all homes built in the Golden State in 2020 and beyond be solar-powered. The new standards were approved earlier this year and voted on unanimously by the California Building Standards Commission, the Orange …
By Harry Dent Did you watch my video two Fridays ago? If not, check it out here. I explained how gold bugs are giving you dangerous advice about gold as an investment. But gold isn’t the only investment that people mistakenly make …
by Adam Taggart This is what happens when a slowing economy collides with aging demographics: Want a free country house in Japan? They’re giving them away (CNBC) Japan has an increasing number of vacant homes — a problem that’s set to persist …
The world’s biggest ever publics works project is happening right now in China. It is estimated that there are 50 million empty homes in China right now which would make it the largest by far. In fact, you can give …
via Yahoo: (Reuters) – Wells Fargo & Co <WFC.N> said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more homes than expected. The bank said in a filing with …
via visualcapitalist: View a high resolution version of this graphic. Inequality in America has become a major talking point in recent years. For many people though, the concept of inequality – the idea that wealth is spread very thinly at the lower end …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Hot air is hissing out of this market. Sales of new single-family houses in September plunged 18% from September a year ago, not-seasonally adjusted, to just 41,000 new single-family houses, according to estimates that the Census …
the party is over — all those poor millennials who bought overpriced homes https://t.co/PdiQ4GkuFX — Alastair (@StockBoardAsset) October 19, 2018 https://twitter.com/atlewillems/status/1053032198620766209 via CNBC: The amount of home equity that consumers are sitting on has been rising steadily since it hovered …
via Bloomberg: Renters finally have reason to rejoice: their housing costs dropped last month for the first time in six years. The median rent for apartments, single-family homes and other residences across the U.S. was $1,440 in September, down 0.2 …
By Harry Dent Bubbles are self-defeating. Their success is what eventually kills them. The same is true for cycles. Take the urbanization cycle for example… As a population urbanizes, people get wealthier. But more affluent urbanites have fewer kids and …
by Mekisteus My parents bought a house in 1978 for $35k (inflation adjusted that’s $135k in today’s dollars). Now, 40 years later, they are moving states and looking to sell. The sale price estimates they are getting? $80k to $100k. …
From Riley Griffin and Bloomberg: As U.S. household debt rises and wages stagnate, millions of Americans are thinking about tapping into home equity to keep up with day-to-day expenses. Twenty-four million homeowners believe borrowing against home equity is an acceptable way to cover …
via sdbernard:
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is not good. What’s causing the drop-off in pending home sales in the US, and in particular in the West? Surging home prices that have outrun wage increases for years? Mortgage rates that hover around …
by visualcapitalist Throughout most of America, owning a $1 million home gives you definite bragging rights – it means you may have six bedrooms, 5,000 square feet, an infinity pool, and at least a few acres of property. But along the …
Josh Sigurdson talks with author and economic analyst John Sneisen about a recent story out of Philadelphia as home owners are seeing homes repossessed over $300 gas bills. As the Philadelphia economy falters and pension risk grows by the day, …
https://www.youtube.com/watch?v=IS06YqojsYU These units are being built for the invasion of illegals. They owner can rent section 8 and rake in the money from the Fed. This is a scam. Push out the people there and build a compound for these …
Live feed: https://krcrtv.com/watch #BREAKING: An extremely dangerous and fast moving wildfire is threatening the city of Redding, California. Fire officials are preparing to evacuate the entire city. — UA News (@UrgentAlertNews) July 27, 2018 https://www.wfaa.com/gallery/news/nation-now/scenes-of-destruction-from-the-carr-fire-now-near-redding-thursday/465-604ff331-c0dc-4570-8093-34e82c0a62a8 An extremely dangerous and fast …
https://www.cnbc.com/2018/07/18/most-millennials-regret-buying-home.html Disclaimer: small sample size Article hits some core tenets of personal finance when buying a house. Primarily: 1) Do not tap retirement accounts to buy a house 2) Make sure you account for all costs of home ownership, not …
https://www.youtube.com/watch?v=ZORE5Y18Zdw Firefighters battling wildfires throughout the U.S. West that have torched hundreds of homes got some help from the weather Saturday, even as they tallied damage from new fires that erupted amid a Southern California heat wave. http://marygreeley.com/?p=72231
by DCG From Yahoo (via Engadget): The New York Times recently published a reportthat revealed a disturbing trend of harassment and domestic abuse via internet-connected devices. In addition to using them to stalk and monitor their victims, abusers are also doing things like changing door-lock codes, turning lights …
via washingtontimes: A group of protesters gathered outside Homeland Security Secretary Kirstjen Nielsen’s Virginia townhouse Friday morning, chanting “no justice, no sleep” and blaring audio of immigrant children crying. About two dozen protesters with the progressive group CREDO Action chanted with megaphones, waved signs …
HUNTLEY, Illinois (Illinois News Network) — Steinar Andersen is a disabled veteran, widower and father of a disabled stepson who is ready to move out of Illinois. But he can’t. Employed as a information technology manager, he and his wife bought …
by Raúl Ilargi Meijer Dorothea Lange Children and home of cotton workers at migratory camp in southern San Joaquin Valley, CA 1936 My long time pal Jesse Colombo, now at Real Investment Advice, recently linked on Twitter to a Zero Hedge article, which …